Well, at least someone gets it.
While just about every other central bank on the planet is giving everyone two thumbs up on the economy, the deputy chair of the Monetary Authority of Singapore (Lim Hng Kiang) said last night at a dinner that "an uneasy calm seems to have settled in markets" and that "we remain in uncharted waters."
It was pretty amazing, really, to see such pointed language from a central banking official.
Mr. Lim jabbed at the "obvious" risks and said there would be "bumps on the road" ahead. That's putting it mildly.
Warren Buffet once said that 'only when the tide goes out do you discover who's been swimming naked.' (In my mind he says it like 'nekked' but I seriously doubt he pronounces it that way...)
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